China Jinmao Holdings Group (HKG:0817) unit Beijing Fangxing Yicheng Property exercised a right of first refusal granted to it by Jinmao (Jiaxing) Investment Management to purchase certain assets for an exercise price of up to 1.32 billion yuan, a Wednesday bourse filing said.
Beijing Fangxing Yicheng Property was authorized by Jinmao (Jiaxing) Investment Management to act as the successor to the holders of the right of first refusal on Wednesday.
The assets comprise 100% equity interests in Changsha Dingmao Real Estate and 750 million yuan of credit rights held by scheme administrator Huafu Securities under a claims assignment and claims and debt confirmation agreement.
The latter includes an office property Hunan Province, China, held 100% by Changsha Dingmao Real Estate.
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